On the 12th of the listing, the stock price skyrocketed hundreds of times, and the market value was close to trillion yuan, which is equivalent to two Pinduoduo!Li Ka -shing flickering behind the crazy "Chinese stocks"

Only 12 trading days after listing, the stock price skyrocketed by nearly a hundred times.

An unknown Chinese stock market has recently emerged in the US stock capital market and staged a "Chinese stock myth". This "monster stock" is the current multiplication (HKD, the stock price is US $ 742, and the market value is US $ 137.3 billion).

As of the closing of August 1st, the market value of the Division of Division has reached US $ 137.3 billion (about 928 billion yuan). According to Wind Financial terminal data, the stills have surpassed Jingdong (JD, the stock price is 58.76 US dollars, and the market value is 91.77 billion US dollars) US stocks, which has become second only to TSMC (TSM, $ 86.31, $ 447.6 billion) and BABA (BABA (BABA (BABA (BABA (BABA (BABA (BABA The third largest stock price of 90.34 US dollars and a market value of 239.2 billion US dollars) is listed in the United States.

The lifting seems to continue. As of the release on August 2, it rose nearly 16%before the section.

However, in addition to soaring, the market questioned whether the market value of the Rasali Division can support the market value of nearly trillion yuan. It is undeniable that the business of the stills still faces a lot of challenges.

Behind the surge is the concept of Li Ka -shing?

The number of Shangqi Division landed on the US stocks on July 15th, the issue price of $ 7.8, and raised about 125 million US dollars (about 845 million yuan), becoming the largest IPO of the New York Stock Exchange since 2022.

During the more than 10 trading days after listing, the company opened a "rushing journey". As of the last trading day of the trading day in July, the stock price of the stills soared to $ 400.25.

What is unexpected is that this may be just the beginning.

As of the closing of August 1st, the stock price of the stills has soared to $ 742. This means that in the short 12 trading days since listing, the company's stock price has risen by nearly 100 times, the price -earnings ratio exceeds 6,000 times, and the market value has reached 137.3 billion US dollars, which is equivalent to two Pinduoduo (PDD, $ 47.69, a market value of 603 $ 100 million), TSMC and Alibaba, the highest market value in China stocks.

Regarding the rapid rise of the company's recent stock price, the reporter of "Daily Economic News" sent a comment request to Shangbuke, but as of press time, the reporter has not received a reply.

Image source: Yingwei Caiqing

Shangbuki Digital Section is the Asian Digital Financial subsidiary of Shangbo Group, and the English name AMTD DIGITAL Inc is split out from the financial service company of the New York Stock Exchange. Founded in 2003, Shangchang Group was involved in financial services, digital technology, art, culture and entertainment. One of the founding shareholders was Li Jiacheng's Yangtze River Industrial Group and Hutchison Whampoa.

According to public information, Shangbo Group currently holds 86.7%of Shangbao International, but its equity structure has not been disclosed. Therefore, in this "Chinese stock myth", it is impossible to know that Li Ka -shing has harvested in this "capital carnival". Fortune value. If its share ratio exceeds 25%, the current value will reach 100 billion yuan.

From the perspective of the equity structure before the IPO of the Shangbo Division, the Shangbo Group was the controlling shareholder of the stills of the stills at that time, and the shareholding ratio reached 72.2%; ; Shangcheng International holds 14.4%. In addition, the company also introduced radio investment companies and Huili Greater China High Income Fund. "Daily Economic News" reporter also noticed that the shareholders of the stills also include the Greater Bay Area Common Home Fund, Huili, one of the largest independent asset management companies in Asia, and Jiayu Fund founded by former Ali CEO Wei Zhe.

Cen Zhiyong, a strategist in Hong Kong Baihui Securities in China, told the reporter of "Daily Economic News" through WeChat, "I think (I think (the skyrocketing of the stills) may be related to some concepts of Li Jiacheng. Famous. Because the company is listed in the United States now, then American investors may also have a certain hope. ","

In addition, it is worth noting that with the help of many well -known shareholders, the company has completed multiple investment before.

According to the prospectus of Shangbuki, the company has previously invested in artificial intelligence company Pei Xing Interactive Technology (Appier Inc.), Asia's largest food network information multimedia multimedia service platform, DAYDAYCOOK, and Internet Medical Platform Micro -Medicine Group, etc. Essence

The follow -up challenge is not small

However, while many investors were surprised to create "Chinese stocks myth" for the Shangbuke Section, there were also many market participants in revenue of HK $ 195.8 million (about 170 million yuan). The capacity of the dollar market value is suspicious.

After the stock price of Yiluo Dust has soared, the current price -earnings ratio of the Division of Division exceeded 6000 times. Compared with it, the average price -earnings ratio of the S & P 500 index is currently less than 20 times, and the US financial giant Morgan Chase P / E ratio is less than 9 times. Shidanley's price -earnings ratio is 10.7 times, Goldman Sachs Group's price -earnings ratio is 7.3 times ... This also makes the market began to worry about whether the stock price and market value can be supported by the current multiplication, and whether its stock price will cause large fluctuations in the short term.

It is not difficult to see from the prospectus that there are indeed many problems in the number of divisions.

The first is the decline in revenue growth. According to the prospectus, as of February 2022, the current revenue rate of the number of sections was as low as 4%, and the annual revenue rate of 2021 fiscal revenue was approximately 17%. Secondly, the supervision of fintech tracks is getting strict, and the legal compliance issues in the regional market are in front of the stills of the stills.

For example, in the "risk factors" chapter of the prospectus, "When providing new products and services, transactions with more wide market customers will expose more risks." Next, Shangbo, Shangbi The goal of several subjects is to continue to expand to Southeast Asia and other regions, set up banks in Singapore and merge to report -all need to be approved by the regulatory authorities.